JPMorgan To Pay $100 Million To Settle CFTC Charges Over 'London Whale': WSJ

JPMorgan Takes Yet Another Hit
People walk past the JPMorgan Chase & Co. headquarters on Park Avenue, Thursday, Sept. 19, 2013, in New York. Regulators in the U.S. and U.K. said Thursday the bank's weak oversight of its London operation has allowed traders to cover up huge losses. The bank, which will pay over $920 million in fines, has admitted that it failed to watch over trading that led to a $6 billion loss and renewed worries about serious risk-taking by major banks. (AP Photo/Kathy Willens)
People walk past the JPMorgan Chase & Co. headquarters on Park Avenue, Thursday, Sept. 19, 2013, in New York. Regulators in the U.S. and U.K. said Thursday the bank's weak oversight of its London operation has allowed traders to cover up huge losses. The bank, which will pay over $920 million in fines, has admitted that it failed to watch over trading that led to a $6 billion loss and renewed worries about serious risk-taking by major banks. (AP Photo/Kathy Willens)

WASHINGTON— J.P. Morgan Chase & Co. has agreed to pay $100 million to settle charges by the Commodity Futures Trading Commission related to the bank's "London whale" trading debacle of 2012, according to people familiar with the matter.

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